Arthur L. Drager, Attorney
Law Offices of Arthur L. Drager, LLC
The Equitable Building - Suite 620
6 S. Calvert St., Balto., MD 21202

GUARDIAN'S AUCTION

PIKESVILLE
"Gwynnvale"

3 Bedroom2½ Bath
SPLIT-LEVEL HOME
Bordering Sudbrook Park

Photos of auction property
FRONT VIEW      REAR VIEW      STREET SCENE      VIEW OF PARK

Sale On Premises
1318 IDYLWOOD ROAD
Baltimore County, MD 21208

FRIDAY, OCTOBER 27, 2006
AT 11:00 A.M.


LOCATION:

1318 Idylwood Road is located within walking distance of the Old Court Metro Station. From Old Court Road follow Greenwood Road south to Shamrock Road right to Idylwood Road. Access to the Baltimore Beltway (I-695) is within one mile.

LOCATION MAP

SITE:

65' x 129' or 0.20 acre, more or less
Fenced rear yard
Landscaping
Borders scenic Sudbrook Park in rear

HOME:

Brick and vinyl siding split-level home, constructed in 1957
New exterior siding and double glazed windows in 2006
Interior drywall and carpeting
Updating and remodeling are needed

Main Level
Foyer - coat closet
Living Room - picture window
Dining Room
Kitchen - wall oven, range top, dishwasher, vinyl floor

Upper Level
Master Bedroom & Master Shower-Stall Bath
Bedroom #2
Bedroom #3
Full Hall Bathroom

Lower Level
Family Room
Half-Bath
Laundry/Utility Room
Outside Exit

Mechanical
Gas forced hot air heat
Gas 40-gallon water heater
Circuit breakers
ADT security alarm

TITLE:

Subject to an annual $120 ground rent. The property is sold free and clear of all liens. Deed Liber 5523, folio 947.

TAXES:

Estimated 2006 real estate taxes - $1,399.79; special tax assessment $350

TERMS OF SALE:

A $10,000 deposit, payable by certified check or cashier's check, will be required of the purchaser at time and place of sale. The deposit shall be increased to 10% of the purchase price within 24 hours at the Auctioneer's office. Balance to be paid in cash within 45 days. If payment of the balance does not take place within the specified time, the deposit shall be forfeited and the property may be resold at the risk and expense of the purchaser. Interest to be charged on the unpaid purchase money, at the rate of 12% per annum, from date of sale to date of settlement. All adjustments, including taxes, ground rent, all other public charges and assessments payable on an annual basis, and sanitary and/or metropolitan district charges, if any, to be adjusted for the current year to date of sale and assumed thereafter by the purchaser. The property will be sold in "AS IS" condition, and subject to easements, agreements, restrictions or covenants of record affecting same, if any. Purchaser assumes the risk of loss from the date of sale forward. The purchaser agrees to waive the right of inspection for lead paint, as provided under current Federal and State law. If the Seller is unable to convey good and marketable title, the purchaser's sole remedy in law or equity shall be limited to the refund of the deposit. Upon refund of the deposit this sale shall be null and void and of no effect, and the purchaser shall have no further claim against the Seller or Auctioneers. Recordation costs and transfer taxes to be paid by the purchaser. Time is of the essence.

NO BUYER'S PREMIUM.

Broker participation is invited.
BROKER REGISTRATION FORM

Auction by order of:
Darnel McGavock, Guardian of Linda McGavock